Investing in real estate can be a fantastic way to save for the future and secure your retirement. It can also be a big profession to be involved in creating current income too. It can be a heck of a lot better than investing in the stock market and watching your money spiral down the drain because with real estate you always have a building that is tangible and can be sold, sometimes at a profit and sometimes not, but at least there's something there.
One thing that annoys about investing in real estate is property tax. You can have all your correct facts and numbers that spelling real estate investment will be profitable and then two years into it, the local city increases your property tax by 15 or 20% and blows all your facts and numbers from water. And suddenly you are faced with potential losses.
Property tax should depend on the value of the house so that mathematically impossible to increase taxes when the values of the house are universally plummeting but nonetheless that's exactly what happened.
Fortunately there are many things you can do to challenge the local government when they raise your rates. First, you need to understand exactly how this tax is calculated, and realizes how they should be counted.